Equity BancShares (NASDAQ:EQBK) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Equity BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $45.00 price objective on shares of Equity BancShares in a research report on Friday, December 22nd. Finally, TheStreet raised shares of Equity BancShares from a “c” rating to a “b” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.50.
Shares of EQBK stock opened at $37.76 on Friday. Equity BancShares has a 52-week low of $29.13 and a 52-week high of $40.77. The stock has a market capitalization of $580.26, a PE ratio of 23.17 and a beta of 0.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 0.90.
Several hedge funds have recently made changes to their positions in EQBK. Covenant Multifamily Offices LLC purchased a new stake in shares of Equity BancShares in the fourth quarter valued at about $4,189,000. Mariner Wealth Advisors LLC purchased a new stake in shares of Equity BancShares in the fourth quarter valued at about $3,397,000. Kennedy Capital Management Inc. raised its holdings in shares of Equity BancShares by 66.2% in the fourth quarter. Kennedy Capital Management Inc. now owns 184,748 shares of the bank’s stock valued at $6,542,000 after purchasing an additional 73,618 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Equity BancShares by 124.8% in the third quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock valued at $4,254,000 after purchasing an additional 66,390 shares during the last quarter. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Equity BancShares in the fourth quarter valued at about $2,125,000. Institutional investors own 59.47% of the company’s stock.
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Equity BancShares Company Profile
Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.
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